Australia’s Macquarie Group announced that it is buying U.S. futures clearing firm, Shatkin Arbor, Inc. of Chicago.

Terms of the deal were not revealed. The firms said that Shatkin Arbor will be integrated into Macquarie’s existing US futures business, Macquarie Futures USA Inc., significantly expanding its capabilities by enabling it to directly execute and clear trades at both the Chicago Mercantile Exchange and the Chicago Board of Trade.

Shatkin Arbor’s team of 25 staff will become employees of Macquarie Futures, including senior management. Following a transition period, the business will be re-branded and operate as Macquarie Futures USA Inc.

Joseph Mazurek, managing director and president of Macquarie Futures, said, “We see significant opportunities for the combined business to deliver more as an integrated platform. In particular, we think clients will be attracted to an execution and clearing platform that can also leverage the strength of a major financial institution for their trading needs.”

“Areas of opportunity that we see for the integrated business include growth in institutional sales, expansion of middle market introducing broker relationships including retail customers and leveraging of the Macquarie global brand and business,” added Mazurek.